Tax Saving Bonds – IDFC Infra Bonds – Tranche 3

Infrastructure Development Finance Company Limited- Infra Bond Tranche 3

ISSUE OPEN FROM MAR 19, 2012 TO MAR 30, 2012

  • Issuer – Infrastructure Development Finance Company Limited
  • Rating – “(ICRA)AAA” from ICRA and “Fitch AAA( ind )” from Fitch
  • Issuance – Dematerialized form or Physical form as specified by the applicant in Application form herein.
  • Trading  –  Dematerialized form only following expiry of the Lock-in Period
  • Listing –   NSE and BSE
  • Depository  –  NSDL  & CDSL

Investment Details:

Tranche 3 Bonds Series

1

                                    2
Frequency of Interest payment

Annual

Cumulative

Face value & Issue Price ( Rs / Tranche 3 bond )  

Rs 5000/-

Rs 5000/-

Minimun Application

Two (2) Tranche 3 Bonds and in multiples of one (1) Tranche 3 Bond thereafter.

For the purpose fulfilling the requirement of minimum subscription of two (2) Tranche 3 Bonds, an Applicant may choose to apply for two (2) Tranche 3 Bonds of the same series or two (2) Tranche 3 Bonds across different series.

Buyback Facility

Yes

Yes

Buyback Date Date falling five years and one day from the Deemed Date of Allotment

Buyback Amount per Tranche 3 Bond

Rs 5,000/-

Rs 7,495/-

Buyback Intimation Period

The period beginning not before nine months prior to the Buyback Date and ending not later  than six months prior to the Buyback Date

Maturity Date 10 years from the Deemed Date of Allotment
Interest Rate 8.43% p.a NA
Maturity Amount per Tranche 3 Bond Rs 5,000/- Rs 11,230/-
Yield on Maturity 8.43 % 8.43%  compounded annually
Yield on Buyback 8.43 % 8.43%  compounded annually

Investors to benefit from 80 CCF Benefits:

  • The Bonds are classified as “long term infrastructure bonds” and are being issued in terms of section 80 CCF of the Income Tax Act.
  • Bonds offer an additional window of tax deduction of investments of up to Rs 20,000.
  • The deduction is over and above the Rs 1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE

For More Details click below:

To download form click here

Important: You must write application number before submitting the application, click here for application number

Note: Please keep the photo copy of duly filled application form with you for your records, in case you did not receive the information about allotment in 45 days then you can contact at contactcorpus@gmail.com, please keep the
Acknowledge Slip with you.

To know more about Section 80CCF Infrastructure Tax Saving Bond click here.

Tax Saving Bonds – IFCI Limited Infra Bonds

1) Issue Details:

  • Issue closes: Feb 29 – Mar 27, 2012 
  • Rating:  ‘BWR AA–’ by Brickwork Ratings India Pvt. Limited, CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.), ‘LA’ [now ‘(ICRA) A’] by ICRA Limited
  • Face Value: Rs. 5,000 /- per bond
  • Subscription amount: Minimum Rs. 5,000 or 1 bonds
  • Lock In period: 5 years
  • Cheques/ DDs should be drawn in favour of “IFCI Limited- Infra Bond” and crossed A/C Payee only. Please write Applicant’s Name, Phone No. & Application No. on reverse of the cheque/DD. Acknowledgement is subject to realisation of cheque/DD.

 

Coupon: 8.50% p.a. for 12 years & 8.72% p.a. for 15 years

The money invested in these Infrastructure Bonds will be invested in Long Term Infrastructure projects like building of Airports, power plants, roads and ports meeting the infrastructure needs of the country.


2) Tax Benefit:

Under Section 80CCF of the Income Tax Act the amount, Rs. 20,000 per annum, paid or deposited as subscription to long-term infrastructure bonds shall be deducted in computing the taxable income. This is over and above the Rs 1,00,000 tax benefit available under section 80C, 80CCC & 80CCD read with section 80CCE

Benefits as per Tax slabs:

  • Slab 10.3% – Tax Benefit Rs. 2,060
  • Slab 20.6% – Tax Benefit Rs. 4,180
  • Slab 30.9% – Tax Benefit Rs. 6,180

3) Specific Terms of the Bond series: Click here

NFO – Birla Sun Life Gold Fund

NFO Details    New Fund Offer Opens: Thursday, March 01, 2012 | New Fund Offer Closes: Thursday, March 15, 2012
Company  Birla Sunlife Asset Management Company Limited
Scheme Name  Birla SL Gold Fund
Scheme Type  Open ended scheme
Benchmark Index  Gold-India
Fund Manager  Satyabrata Mohanty
Category  FOF – Gold
Initial Offer Price (Rs)  Rs. 10
Minimum Investment (Rs)  5000
Additional Investment (Rs)  1000
Objective  The investment objective of the scheme is to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF).
Option Type  Dividend, Growth

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Investment Pattern 
Type Min Max
Units of Birla Sun Life Gold ETF 95 100
Debt & MMI 0 5

 

Click here to Download Application Form

 

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Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. For more details about the scheme features and risk factors refer respective Scheme Information Documents of the Scheme(s) available on the Mutual Fund company website.

HUDCO Tax Free Bonds

Housing and Urban Development Corporation Limited (HUDCO)

The issue opens on January 27′ 2012 and ends on February 6′ 2012.

Profile

Housing and Urban Development Corporation Ltd (HUDCO) was established in 1970 as a wholly owned Government company with the objective to provide long term finance and undertake housing and urban infrastructure development programmes. HUDCO’s sustained performance and profitability earned them Mini-Ratna status conferred in FY 05. HUDCO had sanctioned loans of Rs. 37,464 cr for housing and Rs. 84,906 cr for urban infrastructure on a cumulative basis up to Dec 2011.

Salient features of the bond issue

  • The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds and the interest on the Bonds will not form part of the total income.
  • In case of over-subscription; allotment shall be on first cum first serve basis up to the date falling 1 day prior to the date of oversubscription and on proportionate basis on the date of oversubscription.
  • Credit rating agency CARE has rated the bonds “CARE AA+” & FITCH has rated the bonds “Fitch AA+ (ind)”. Instruments with this rating are considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
  • The bonds are fully secured by way of floating first pari passu charge on the present and future receivables of the company to the extent of amount mobilized under the issue. The security cover is 1.0 times of the outstanding Bonds at any point in time.
  • The Bonds bear an attractive coupon rate; 8.10% p.a. for Tranche 1 Series 1 (bonds maturing after 10 years) and 8.20% p.a. for Tranche 1 Series 2 (bonds maturing after 15 years). (Tax free). Additional Coupon Rate for Category III Investors: 0.12% p.a.  Additional Coupon Rate for Category III Investors: 0.15% p.a.
  • HUDCO shall pay 8% p.a. for Tranche 1 Bonds as interest on the Application amount retained.
  • HUDCO shall also pay 4% p.a. on refund of application amount. Such interest shall be paid along with the monies liable to be refunded.
  • Issuance will be in DEMAT as well as PHYSICAL form. The bonds will be listed on both BSE and NSE; facilitating trading of these bonds.
  • Investors can pledge or hypothecate these bonds to avail loans.
  • Allotment on first come first serve basis.
  • Cheque in favour of   ‘HUDCO Tax Free Bonds- Escrow Account’

Investment Series

Options

Tranche I Series 1

Tranche I Series 2

Frequency of Interest Payment

Annual

Tenor

10 Years

15 Years

Face Value per Bond

Rs 1000/-

Minimum Application

10 Bonds i.e. Rs. 10,000

In multiples of

1 Bond i.e. Rs. 1,000

Coupon Rate (%) p.a.

8.10%

8.20%

Additional Coupon Rate (%) p.a. for Category III #

0.12%

0.15%

Aggregate Coupon Rate (%) p.a. for Category III

8.22%

8.35%

Redemption Date

10 Years from the Deemed Date of Allotment

15 Years from the Deemed Date of Allotment

Redemption amount (Rs / Bond)

Repayment of the Face Value plus any interest that may have accrued at the

Redemption Date

Deemed Date of Allotment

The date on which the Board or a duly constituted committee thereof approves the Allotment of the Bonds for this Issue. All benefits relating to the Bonds including interest on Bonds (as specified in this Prospectus Tranche- I) shall be available to the investors from the Deemed Date of Allotment. The actual allotment of Bonds may take place on a date other than the Deemed Date of Allotment.

For More Details check out the link below:

HUDCO – Term Sheet

Click here to Download Application Form

Important: You must write application number before submitting the application, click here for application number

Note: Please keep the photo copy of duly filled application form with you for your records, in case you did not receive the information about allotment in 45 days then you can contact at contactcorpus@gmail.com, Please keep the acknowledge Slip with you.

IRFC Tax Free Bonds

Indian Railway Finance Corporation Ltd has come up with the Tax Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures

The issue opens on January 27′ 2012 and ends on February 10′ 2012.

The issue is secured and rated “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE & “[ICRA] AAA” by ICRA.

INVESTMENT SERIES

 Series Tranche 1 Series I Tranche 1 Series II
Tenor ^ 10 Years 15 Years
Face Value per Bond Rs. 1,000 Rs. 1,000
Minimum Application Rs. 10,000 (10 Bonds) Rs. 10,000 (10 Bonds)
In Multiples of Rs. 5,000 (5 Bonds) Rs. 5,000 (5 Bonds)
Frequency of Interest Payment Payable annually Payable annually
Interest Payment Date October 15, every year October 15, every year
Coupon Rate for applicants under Category I & II 8.00% p.a. 8.10% p.a.
Coupon Rate for applicants under Category III * 8.15% p.a. 8.30% p.a.
Redemption/Maturity Date At the end of 10 years from the DeemedDate of Allotment At the end of 15 years from the DeemedDate of Allotment
Redemption Amount Repayment of the Face Value plus any interest that may have accrued at the Redemption Date Repayment of the Face Value plus any interest that may have accrued at the Redemption Date

PAYMENT INSTRUCTION:-

Mode of payment
1. At par cheques
2. Demand Drafts

Cheque / Demand Draft in favor?
-The payment instruments from non-NRI and non-FII applicants shall be payable into the Escrow Account drawn in favour of “IRFC Tax Free Bonds – Escrow Account – Tranche I”.
-The payment instrument from NRI applicants shall be payable in the NRI Escrow Account drawn in favour of
“IRFC Tax Free Bonds – NRI Escrow Account – Tranche I”.
-The payment instrument from FII applicants shall be payable in the FII Escrow Account drawn in favour of
“IRFC Tax Free Bonds – FII Escrow Account – Tranche I”.

For More Details check out the link below:

Product Note and Company Profile – IRFC

IRFC Final Term Sheet

FAQ ON IRFC

FAQS on IRFC FOR NRI

Locations for IRFC (to submit the application form)

Documents required for IRFC

Click here to Download Application Form

Important: You must write application number before submitting the application, click here for application number

 

Note: Please keep the photo copy of duly filled application form with you for your records, in case you did not receive the information about allotment in 45 days then you can contact at contactcorpus@gmail.com, Please keep the acknowledge Slip with you.

NFO – Union KBC Dynamic Bond

Fund Open Date : 23-Jan-12

Fund Closing Date :  06-Feb-12

NFO Details 
Company  Union KBC Asset Management Company Pvt. Ltd.
Scheme Name  Union KBC Dynamic Bond(G)
Scheme Type  Open ended scheme
Benchmark Index  Crisil Composite Bond Fund Index
Fund Manager  Parijat Agrawal
Category  Long Term Income
Initial Offer Price (Rs)  Rs. 10
Minimum Investment (Rs)  5000
Additional Investment (Rs)  1000
Objective To actively manage a portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and liquidity to the investors.
Option Type  Dividend, Growth
Investment Pattern
Type Min Max
Debt & MMI 0 100

 

Click here to download form

 

Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. For more details about the scheme features and risk factors refer respective Scheme Information Documents of the Scheme(s) available on the Mutual Fund company website.

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